Alert: Rating Upgrade (9/13/24)-The First of Long Island Corp (NASDAQ: FLIC).

Stock Rating Upgrade

During the last several trading days the Value Trend Rating for The First of Long Island Corp (NASDAQ: FLIC) improved from C to B reflecting improving fundamentals and high Appreciation Potential.

Recent Price Action

On 9/13/24, The First of Long Island Corp (NASDAQ: FLIC) stock increased 1.2%, closing at $12.69. Moreover, this advance was accompanied by unusually high trading volume at 172% of normal. The stock has performed in line with the market over the last nine months and has declined -1.2% during the last week.

Current PriceTarget Research Rating

FLIC is expected to continue to be a modest Value Builder reflecting capital returns that are forecasted to be above the cost of capital.

First of Long Island has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. First of Long Island has a neutral Power Rating of 59 but a good Appreciation Score of 76, resulting in the Positive Value Trend Rating.